Funding arb · Price arb /

LTC

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Swap Backtest

Alert: funding

Alert: spread

Funding you earn now, next payment 03:00 UTC0.0000%/8h= 0.0% APRpaid last 24h +0.050%

Price spread now: Hyperliquid against edgeX+0.037%46s7-day average +0.101% · you sell dearer than you buy

Net, funding: paid 7d − costs−$20as in the Funding arb table

Net, price: spread back to 7d avg − costs—prices read too far apart to compare

costs, in and out, $10k−$340.340% of the position

Long on edgeX Short on Hyperliquid

What this pair did over the last

the charts below follow

Funding, last 7 days+0.141%+$14 on $10k

Price spread, last 4 days (all we have)−0.147%−$15 · spread now +0.037%, 7d avg +0.101%

Together, before fees−0.005%+ Points / potential airdropedgeX: Active · Hyperliquid: Season 2 · farm board−$1 on $10k · with fees, hour by hour

Funding between these two exchanges is close to zero, so right now this pair is about the price spread alone: Hyperliquid is 0.065% cheaper against edgeX than usual: you would sell low and buy high, −$6 on $10k if it goes back to its 7-day average of +0.101%. The two prices were read 46 seconds apart, so part of this spread may be the market moving, not a spread.

Leg	Exchange	Price	Funding /8h	Each payment	Next in	OI	Vol 24h	Max lev
Long	edgeX LTCUSDC	60.773	0.0100	pay 0.0050% / 4h	1h 40m	$41K	$373K	20x
Short	Hyperliquid LTC	60.795	0.0100	get 0.0013% / 1h	40m 46s	$37.0M	$24.7M	10x

Funding history

latest

Range statsloading…

Price spread between the two exchanges

Hyperliquid against edgeX. Falling: the short leg gains. Rising: it loses.

latest

Price spreadloading…

Funding on every exchange

click an exchange to add or hide it

latest

How often the price spread is this wide · share of time at each level, last 7D show

Profit calculator

Position, each leg$Hold fordaysFee edgeXbpFee HyperliquidbpOrdersPrice spread, now +0.037%Rate

Funding earned: $0
Price spread: +0.037% → +0.101%: −$6.47
Slippage, 4 orders: −$15.96
Fee edgeX: 4.5 bp × 2 orders: −$9
Fee Hyperliquid: 4.5 bp × 2 orders: −$9
Net: −$40.43
Costs to cover: 0.340%
Break-even: never at this rate

Slippage from edgeX: live order book, 23 min ago; Hyperliquid: live order book, 2 min ago.

Cost to enter

taker fee + slippage from the mid, one side; closing costs about the same again

Leg	Half-spread	$10k	$100k	$1M	$5M
Buy edgeX live order book, 23 min ago	6.55 bp	11.0 bp −$11	18.1 bp −$181	doesn't fit	doesn't fit
Sell Hyperliquid live order book, 2 min ago	0.25 bp	6.1 bp −$6	doesn't fit	doesn't fit	doesn't fit

LTC on 37 venues

lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
GMX LTC/USD [ETH-USDC]	L −0.0259% / S +0.0380%	1h	60.734	−0.063%	$110K	—	200x	as long as short
Polymarket Perps LTC-USD	−0.0070%	1h	60.677	−0.157%	$80K	$390K	10x	as long as short
Kalshi KXLTCPERP	0.0000%	8h	60.741	−0.052%	$319K	$4.3M	4x	as long as short
Deribit LTC_USDC-PERPETUAL	0.0000%	1h	60.755	−0.029%	$688K	$1.1M	50x	as long as short
gTrade (Gains Network) LTC/USD	L +0.0002% / S −0.0003%	1h	60.744	−0.047%	$30K	—	150x	as long as short
Variational Omni LTC	+0.0002%	8h	60.723	−0.082%	$3.6M	$2.6M	—	as long as short
Injective LTC/USDC PERP	+0.0033%	1h	58.730	−3.361%	$5K	$22K	12x	as long as short
Orderly PERP_LTC_USDC	+0.0100%	8h	60.720	−0.087%	$13K	$210K	20x	as long as short
Paradex LTC-USD-PERP	+0.0100%	8h	60.773	+0.001%	$14K	$10K	20x	as long as short
Nado LTC-PERP	+0.0100%	1h	60.735	−0.062%	$265K	$327K	10x	as long as short

Show all 37 venues

Exchange	Funding /8h	Every	Price	Price vs long leg	OI	Vol 24h	Max lev
Hyperliquid LTCshort	+0.0100%	1h	60.795	+0.037%	$37.0M	$24.7M	10x
Aster LTCUSDT	+0.0100%	8h	60.810	+0.061%	$2.6M	$2.4M	75x	as long as short
Pacifica LTC	+0.0100%	1h	60.777	+0.006%	$531K	$83K	10x	as long as short
Binance LTCUSDT	+0.0100%	8h	60.760	−0.021%	$91.2M	$225.1M	75x	as long as short
Bybit LTCUSDT	+0.0100%	8h	60.760	−0.021%	$77.3M	$58.5M	75x	as long as short
OKX LTC-USDT-SWAP	+0.0100%	8h	60.780	+0.012%	$26.8M	$74.2M	50x	as long as short
Gate LTC_USDT	+0.0100%	8h	60.790	+0.028%	$12.7M	$21.2M	75x	as long as short
MEXC LTC_USDT	+0.0100%	8h	60.770	−0.004%	$57.8M	$34.6M	200x	as long as short
KuCoin LTCUSDTM	+0.0100%	8h	60.780	+0.012%	$18.3M	$12.7M	75x	as long as short
Bitget LTCUSDT	+0.0100%	8h	60.790	+0.028%	$32.5M	$22.2M	75x	as long as short
BingX LTC-USDC	+0.0100%	8h	60.790	+0.028%	—	$6.5M	—	as long as short
Backpack LTC_USDC_PERP	+0.0100%	1h	60.719	−0.088%	$153K	$277K	10x	as long as short
edgeX LTCUSDClong	+0.0100%	4h	60.773	long leg	$41K	$373K	20x
GRVT LTC_USDT_Perp	+0.0100%	8h	60.850	+0.127%	$346K	$1.9M	10x	as long as short
ApeX Omni LTCUSDT	+0.0100%	1h	60.810	+0.061%	$102K	$716K	50x	as long as short
SunX LTC-USDT	+0.0100%	8h	60.820	+0.078%	$17K	$3.9M	30x	as long as short
SoDEX LTC-USD	+0.0100%	1h	60.720	−0.087%	$163	$5K	10x	as long as short
HTX LTC-USDT	+0.0100%	8h	60.690	−0.136%	$2.0M	$4.9M	75x	as long as short
Phemex LTCUSDT	+0.0100%	8h	60.760	−0.021%	$21.6M	$8.8M	50x	as long as short
Extended LTC-USD	+0.0104%	1h	60.758	−0.025%	$675K	$1.1M	25x	as long as short
Aevo LTC-PERP	+0.0104%	1h	60.725	−0.078%	$464K	—	3x	as long as short
Lighter LTC	+0.0144%	1h	60.825	+0.086%	$1.3M	$1.2M	10x	as long as short
BloFin LTC-USDT	+0.0220%	8h	60.710	−0.103%	$4.8M	$12.2M	50x	as long as short
dYdX LTC-USD	+0.0226%	1h	60.768	−0.008%	$427K	$8K	10x	as long as short
Reya LTCRUSDPERP	+0.0336%	1h	60.715	−0.095%	$8K	—	25x	as long as short
Kraken Futures PF_LTCUSD	+0.0350%	1h	60.768	−0.008%	$6.7M	$6.1M	50x	as long as short
Coinbase International LTC-PERP-INTX	+0.0832%	1h	60.860	+0.144%	$1.1M	$2.3M	50x	as long as short